Jared M. Wolff - May 1, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: PRESIDENT AND CEO, Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for Jared M Wolff
Stock symbol: BANC
Transactions as of: May 1, 2023
Transactions value $: $75,118
Form type: 4
Date filed: 5/1/2023, 08:33 PM
Previous filing: Mar 21, 2023
Next filing: Dec 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Purchase	$75.1K	+6.77K	+3.22%	$11.10	217K	May 1, 2023	By the Wolff Family Trust	F1, F2, F3
holding	BANC	Common Stock						56K	May 1, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BANC	Performance Stock Units						279K	May 1, 2023	Common Stock	279K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.08 to $11.10 per share, inclusive, the Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F2	Amount reported includes 160,320 shares transferred into Wolff Family Trust previously reported as directly held
F3	Amount includes 3,226 shares of the Issuer's common stock acquired pursuant to the Issuer's dividend revinvestment plan.
F4	Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $35 per share within four years from the date of grant and (b) the Reporting Persons' continued service through the fourth anniversary of the grant.